IL HB5191 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Effective immediately.
Title
INC TX-ENTITY BASE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-02-26 | House | To Income Tax Subcommittee |
| 2026-02-24 | House | Assigned to Revenue & Finance Committee |
| 2026-02-10 | House | Referred to Rules Committee |
| 2026-02-10 | House | First Reading |
| 2026-02-05 | House | Filed with the Clerk by Rep. Margaret Croke |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
